Save Your Marriage From Financial Trouble

By: Victoria Rosa Email
By: Victoria Rosa Email
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"When people are having trouble in their marriage, finance's rises to the top for several reasons. Numner one, it affects every area of the marriage in other words, where we can go, where we can live, what we can do, everything is affected," Kaye Barbaree, a Licensed Professional Counselor

Everything that can lead to pointing fingers.

"I think a bigger issue than that is the trust is because sometimes both partners are working, sometimes only one partner is working, sometimes somebody is making a lot more money than the other, sometimes someone is accused of being the spender".

And when one spouse is making more than the other, its easy to overlook the more important roles.

"The equivalent of what you have to pay someone to do what that spouse does, its not always the mother that's unemployed but if you've got a house husband or a stay at home mom then you have to look at the equivalent of what it would cost you to get that done if you were having to pay for it, that way that person has a value, that person has worth," says Barbaree.

How you communicate about your finances can be the difference between your marriage being in it for the long haul or heading towards divorce.

"A lot of times people get mad about things and they quit talking".

"What we see in a bank normally is there is a lack of open communication with couples," says Ivey Cumbie, District Manager at Wells Fargo.

"When you meet with your banker you need to be honest about the situation your finances are in".

The rules for having a successful, financially healthy marriage:

"Reach an agreement, like a budget, where the money is coming from, where the money is coming out....learn to be responsible enough to live on that and accept accountability for money management...Love each other enough to work through it, communication skills," says Barbaree.

And communication can certainly be the key to unlock a healthy marriage.

Barbee says having separate checking accounts can help give couples more financial responsibility.

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